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You can't get enough VIP treatment in life, and that's why you need to buy this top-notch pad! Pulling up to the swanky VIP Kata Condominium 2 complex in Karon, Phuket, you know you've hit the luxurious lottery. Just in case you needed any further convincing, this winning abode is a 30.48 SqM studio condo with one bathroom, which completes your ruggedly sophisticated life-style. It was built in May 2020, so you don't need to worry about outdated amenities or a worn-out façade; everything is hip, fresh and fly. All of your friends will be green with envy when they pop over for a visit and are welcomed by modern furniture, snazzy appliances, and cutting edge fixtures. Not to mention the unbeatable views of the neighbouring area. But if that's not enough to turn your head, perhaps the price will have you running for your wallet. This is a thrilling opportunity to acquire a stellar condo for only ฿4,620,000, boasting an eye-popping ฿151,575/SqM ratio. Sure, you could aim for second best, but who wants to miss out on a chance to own this palatial pad? Make your move today, and you could be living the VIP life in no time.
Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.
Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at VIP Kata Condominium 2 you have to follow these steps:
Installment Milestone Payment Reservation Deposit $2,910 1st Installment Upon contract signing 20% 2nd Installment Foundation works done 20% 3rd Installment Building structure completed 20% 4th Installment Completion of the walls 20% 5th Installment Completion of interior and ownership 20%
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.